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Pathetic the way Co has 'deliverd' info way after price dips in particular...if Matad was a HMAS it would have sunk many times...this close to TD and SP dipping???... with increase vol down today suggests it doesn't look good....the yaks are expelling methane back to HQ imo
@ojay re: ".... I - as well as many others on this board - know what is coming. Admittedly, we don't know when - but we do know it will happen....". C'mon Ojay...you were spruking the same stuff last year from 35p all the way down to 8p.....it is unheard of for sp to continuously tumble so close to results without 'leakage'.....
@Mr re: "Yes share price seems to have Overshot to the down side far too much but that can change in a heart beat....". Maybe...last year the yaks were obviously well aware there was not going to be a drill in 2017 long before the market was informed and SP 'slid away' for quite a while before plebs were informed....this smells similar...atm this is bazzar SP behaviour so close to 'huge potential' results ....the yak is 'leaking' and the snow is 'melting' beneath it imo
@Cormie re: "...and now just holding for take-off as we LTH's know the Yaks can do!!! Goodluck all !!!!...". That's the same thing that scares me Cormie....we know what the yaks haven't done for a long time...and what didn't happen last year...visas etc etc...so yes, we do know ' the yaks can do'...but what will they do???...seems even a yak Director can sell 1mill shares @12-13p just before a placement @ 10p, that started the current 'rot' imo, and 'retires' scott-free to 'pursue other interests'...yes, l suppose you're right, 'Yaks can do'...whatever they want when they want atm
@ShinFall re: "But just as many great goals are scored by the striker who shoots unexpectedly so too it's as well to be prepared for the' unexpected' timing of a MATD oil strike...." Soccer games don't go for 8 years....so this oil play's only unexpected timing and 'shot at goal' has been join-ventures, delays and cancellations for a long time....we are 'in the game' we have been waiting to play for years now, and SP is down where it was after the cancelled drill last year...l don't think anyone 'honestly' thought SP would be under 9p about half way down the first hole!...did you?....only Ojay seems to have those pearls of 'hindsight predictions' on here...
@ShinFalls re: "Remarkable how the SP is simmering away around the 9p give or take 5% over the past couple of weeks....". I find it 'more' than remarkable SH....so close to some sort of result for this long awaited drill and SP has actually slipped away a little of late, with large-ish Selling when one would expect a consolidation of SP ...especially considering SP and trader enthusiasm from last year well before the expected drill....it's all a bit on the nose for mine...either traders, or those in-the-know', expect a duster or a breakdown and preparing to buy in cheap sometime soon or this SP should really be rallying imo...considering potential here, and the history of this Co, this trading behaviiur is all a bit strange atm....
Mr P...these so-called 'flippers' may also be 'flipping' share they got in at 7p....which does and doesn't make sense....but have to sell these because cant fwd sell new shares at a profit the way things have panned out with this placement....if so, it augers a little better for sp after July 4 imo
@Mr P.....re: "The completion of this Placing will strengthen the Company's financial position and thus negotiating position with potential farminees. " Whilst l think your 'financial position' thinking of this Co may 'sound' good in post here....however, in reality at the negotiating table, any potential farminees may also view the deal as getting more expensive and even harder to negotiate a buy-in atm. If they wouldn't, or couldnt, buy in sometime in the past then Matad's 'strengthened' position now may not necessarilly be an advantage at all. Afterall nothing much has changed (or happened) since all this 'potential farmi-in' bs started....
@fundraiser re: "placing flippers getting out asap imo they won’t risk there capital on a 20% COS drill"...nonsense post imo...please enlighten us why these so-called 'flippers' got into a 20% COS placing if it was so risky....please do tell...
@SBB1 re: "These will definitely be 25p at some point in the next 12 months imo....". SP was about 36p this time last year when Co was 'definitely' going to drill...was 'definitely' going to drill April...'definitely' forgot to organise visa... again surely local staff have to be sacked on that cock-up!...'definitely' funding for 4 holes this year but now 'definutely' lucky if they get 2 done......Co 'definitely' unecessarily diluted Co for a second huge CR because sounds like BoBs 'definitely' arent confident first hole or two will strike oil and...and...and years later still no drill ...bedlam at best imo....9.45p atm doesn't sound tooooo 'definitely' confident of anything right now given we are only a week from months overdue July drill....management are a disorganised rabble, scattered around as mad yaks poop imo. Joke.
Agree Schacht....and to think this Co could have done CR when sp was @ 38p last year ...cr @ 25 - 30p would have sorted this out once and for all....l have asked here before. wtf is Mike Buck anyway...his praises have/were been piusly sermoned here since appointment...yet to date his achievements are nil imo....unless you refer to 1. two poorly timed and priced CR's......2. chose same driller who cocked up last year....3. forgot to get visas organised ...4. decided to drill the highest risk location....5. can't negotiate a farm-in to date and ...6. has the sp currently on its knees whereby this time pre-drill last here it was high 30's...l guess he has achieved cheap shares for the 'chosen ones' who have immediately cashed in, and made him popular in social circles for his next job....Where do they find these guys?
@skenny re: "the prospect is 850mmBoe simple as that...". Great...lots of posters keep saying that...and lots of punters bought in for that...but why are these punters now bailing @10.65p with all this 'apparently' about to happen when they could have sold yesterday for 13+p?....don't you think it is in the least bit odd?...what has scared them off skenny?
@Mr P re: "This share is in huge demand..."... so why are punters selling @10.65p when they could have got close to 13p most of this week....can't imagine the beneficiaries of 'new shares' pre-selling at the same price, or selling to pay for these...what are these yaks up to this time...
@ Mr P...imo nothing much will happen re: spud until Board's friends, relations, bum-buddies, golden yaks and the financial elite receive their 'pre-spud-run' bargain price shares on July 4. This 'done deal' has already been confidentially brokered for some l would imagine....perhaps about when some 'pillock' forgot visa applications.
Spot-on Spanish...you only have to look how share prices slid from 36p to 12p last year before 'drill cancelled' RNS...I can only imagine bow many shares the local 'golden yaks' unloaded @30p and above... Genghis Khan would have been chortling in his grave....